Lucid Plans 2026 Midsize EV, Uber Robotaxi Launch But Near-Term Headwinds Linger

Lucid Group, Inc. LCID shares fell on Wednesday after the electric vehicle maker reported disappointing second-quarter results, with revenue of $259.4 million, missing analyst estimates of $296.24 million. The Newark, California-based company also posted a larger-than-expected adjusted loss of 24 cents per share, compared to the forecasted loss of 21 cents. Despite strong vehicle performance and ramped-up production of its Gravity SUV, Cantor Fitzgerald analyst Andres Sheppard maintained a Neutral rating, c ...